Predirec ABL‐2 fund closes a debt financing for the rental captive of Afix Group, a Belgian scaffolding manufacturer

Predirec ABL‐2 asset‐backed corporate debt fund, managed by Sienna Private Credit, has completed a debt financing transaction for Afix Group (www.afixgroup.com), allowing the inception of Finscaff, the groupʹs financing vehicle. This transaction, initially endowed with 5 M€, is intended to finance a stock of scaffolding material produced by Afix Group and rented to its client network. The transaction was sourced through Private Lending, a Belgian platform specialized in alternative financing.